How to Do a Balance Transfer With a Wells Fargo Credit Card

Wells Fargo Credit Cards. Wells Fargo is one of the largest U.S. banks by assets or market capitalization. Wells Fargo offers a portfolio of credit cards, including a cash back credit card which rewards you unlimited % cash back on all net purchases, a rewards card with $ bonus and 3% rewards on many purchases, and a balance transfer.

Once you are able to answer those questions, here are the three steps you can take to initiate the balance transfer: At Barclays' Secure Site. Check the APR on purchases. Services include commercial financing, real estate and trust services, as well as international services and investment banking. She has written extensively on all things credit cards and works to bring you the most up-to-date analysis and advice.

Best Wells Fargo credit cards of 2019

In a Nutshell Wells Fargo offers a few balance transfer choices that could help you consolidate debt, pay it off and even earn some cash back along the way.

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Check the data at the top of this page and the bank's website for the most current information. With a vibrant history and competitive financial products, Wells Fargo is among the banking leaders in the United States and world. This year-old bank offers commercial and personal banking services alike, including a suite of credit card products sure to please. Here, we look at the cards we offer on our site, the bank's storied history, and its rewards and benefits:. With the iconic six-horse stagecoach as its logo, Wells Fargo's history is perhaps the best known of the United States' "Big Four" banks.

Since , Wells Fargo has grown with what would become the Western U. Stagecoaches, ponies, steamships and the internet have all served as transportation of assets for what is today the third largest bank in the country. Wells Fargo's operations include personal, small business and commercial services. Here are some of the services it offers. From auto dealerships to waste and recycling, Wells Fargo has extensive experience in the commercial sphere.

Services include commercial financing, real estate and trust services, as well as international services and investment banking. Realistically speaking, this is far and away the best credit card offered by Wells Fargo in terms of pure value. While the Cash Wise offers a very respectable sign-up bonus, the Propel's own bonus offer upstages it by a substantial margin. Likewise for rewards, where the Propel's 3X points per dollar in extremely attractive categories is simply in a league of its own.

Unlike the other two Wells Fargo cards, the Propel charges no foreign transaction fee, making it the clear choice for travel abroad.

For one, it has the best sign-up bonus on our site for a cashback card, albeit with a higher required spend. Also, in addition to the 1. The easiest way to proceed is by contacting Wells Fargo directly. The transfer process can be done online or over the phone with a Wells Fargo agent and should be a fairly quick process.

Make sure you have all of your account information on hand and let them know how much you want to transfer to the new card. It can take up to 10 days for the transfer to go through. So, in the meantime, make sure you continue making payments on your old card to avoid late fees. If you are a current Wells Fargo cardholder and you are looking to transfer the balance onto another card, here is what that process looks like:. Each bank has different limitations on their cards and you want to make sure the transfer is financially beneficial.

This can be done over the phone or online and is usually a simple process. Make sure you have all the necessary information on hand before you reach out to a customer service agent. Then, you just need to wait for the transfer to go through. If you were able to transfer the full amount from your Wells Fargo card to the new card, then your Wells Fargo card will be paid off. Wells Fargo cards have competitive introductory interest rates and they offer a number of balance transfer rewards. So you want to make sure that your balance transfer is financially beneficial before moving forward.

Be sure to check on the interest rate regularly, because it can change. A balance transfer allows you to take the money you owe on a high-interest credit card and transfer it to a new card with a lower interest rate and save a substantial amount as a result.

Read the fine print to make sure you're getting the deal you think you're getting. Some card issuers now advertise a certain introductory period -- say, a year -- and introductory interest rate -- say, 0 percent -- but the fine print specifies other periods and rates for those with less-than-stellar credit.

Pay attention to the APR on purchases , not just to balance transfer terms. Until the new federal rules kick in, in February , any new purchases at a higher interest rate probably will be buried under your lower-rate transferred balance.

Consider keeping your old card open if you do transfer a balance to a new credit card -- unless you'd be tempted to rack up a new balance on it. Don't assume that interest rates or other terms will not be changed by the issuer in the future. For example, Chase recently increased minimum payments for some customers by percent -- and many of those affected had low-interest deals for the life of a balance transfer. See 4 ways to fight minimum payment increases.

That might trip up some customers who can't afford the new, higher payment, possibly causing them to be late or miss a payment and, in turn, causing that low interest rate to skyrocket. Here is a list of some of the most popular balance transfer credit cards and their requirements:. To report updates, e-mail Editors CreditCards. Balance transfers and your credit , Credit card balance transfers: The landscape is changing , 9 things you should know about balance transfers.